Tata Motors owned Jaguar Land Rover aims to cross Rs 3 lakh crore or £30 billion in turnover by FY26 in the next three years eyeing a 30% growth in revenues – as part of its mid-term ‘Reimagine Strategy’. The new plan which is focused on revenue and value over volumes at JLR, the company… Continue reading JLR targets Rs 3 lakh in turnover by FY26 and 10% EBIT margin
Author: Autocar_Professional India Online News
Hyderabad-based ETO Motors partners with AWPO
Electric mobility solution provider, ETO Motors has joined forces with the Army Welfare Placement Organisation (AWPO). Their strategic partnership aims to empower ex-servicemen, war widows, and widow wards by offering sustainable livelihood opportunities. This Memorandum of Understanding (MoU) signifies the commitment of both organisations to support the aspirations and well-being of our esteemed veterans. Hyderabad-… Continue reading Hyderabad-based ETO Motors partners with AWPO
In Conversation with HCIL’s Takuya Tsumura
Honda Cars India (HCIL) is placing a significant bet on its upcoming SUV, the Honda Elevate, unveiled in New Delhi. With high expectations, the company aims a growth of 35% from October 2023 – March 2024. Takuya Tsumura, President and CEO of HCIL, discusses the company’s resurgence in the SUV segment with the Elevate while… Continue reading In Conversation with HCIL’s Takuya Tsumura
Mahindra Last Mile Mobility sold 36,816 EVs, garnered 14.6% market share in FY23
Mahindra Last Mile Mobility (MLMM), a division of Mahindra & Mahindra, on Monday claims to have cemented its position as a top player in the electric three-wheeler manufacturing during FY23, registering 36,816 unit sales with a market share of 14.6%. The company had sold 17,522 units in FY22 and had a market of 7.6%, the… Continue reading Mahindra Last Mile Mobility sold 36,816 EVs, garnered 14.6% market share in FY23
Hyundai and Kia revamp R&D to accelerate shift to EVs, SDVs and achieve start-up agility
Hyundai Motor Company and Kia Corporation today announced they are reorganizing their joint research and development (R&D) organization to flexibly respond to the rapidly changing global automotive industry, advance the transition to electrification and accelerate the development of Software Defined Vehicles (SDVs). The new R&D organization will transform from a centralized structure focused on vehicle… Continue reading Hyundai and Kia revamp R&D to accelerate shift to EVs, SDVs and achieve start-up agility
Get the battery right, else…
The last year or so has been strong for India’s electric vehicle business, more than 90 percent of which are two-wheelers, or scooters, to be more precise. The monthly retail numbers have been growing quite consistently. And while there have been teething issues like vehicle fires, FAME-II subsidy, etc., what is heartening to see is… Continue reading Get the battery right, else…
Safety of lithium cells is crucial for battery makers
It’s no secret that demand for lithium batteries for EVs is going to be phenomenal in the coming years in India. It is estimated that by 2030, we will have more than 300 GW/hr of battery pack capacity requirements in the country. Most of the cells are imported and very few start-ups have ventured into… Continue reading Safety of lithium cells is crucial for battery makers
Tata Tiago and Tigor to get twin CNG tank set-up
Tata Motors’s industry-first CNG dual-cylinder set-up, as seen in the recently launched Altroz iCNG premium hatchback, launched at prices ranging from Rs 755,000 to Rs 10.55 lakh (ex-showroom), is set to soon find its way into the Tiago hatchback and the Tigor sedan. These two models along with the Altroz make up the trio of CNG-powered… Continue reading Tata Tiago and Tigor to get twin CNG tank set-up
Narinder Pal Singh joins Varroc to steer business development function
Singh joins Varroc after spending over 12 years at suspension major Gabriel, where he was steering business development for the two-wheeler OEMs, managing business worth over Rs 2,000 crore. Pune-based Varroc Engineering has appointed Narinder Pal Singh as the head of business development for Bajaj Auto in order to consolidate and grow its key customer.… Continue reading Narinder Pal Singh joins Varroc to steer business development function
Designing a safe EV battery pack for India
Even the most innovative and technologically strong electric vehicle manufacturers in India have no choice but to depend on imports for a few critical components like lithium cells and semiconductors that are not made in India. However, at the EV component and vehicle level, most components necessary for packaging production vehicles are possible to make… Continue reading Designing a safe EV battery pack for India